News

Email 'Argonaut Gold's 25.75 million warrants listed and ...' to a friendShow printable version of 'Argonaut Gold's 25.75 million warrants listed and ...' in a New Window

News Releases

 January 25, 2010
Argonaut Gold's 25.75 million warrants listed and available for trading

 Argonaut Gold Ltd. (TSX: AR.TO), is pleased to announce that as of January 22, 2010 its Warrants were listed and have commenced trading.

The Company's Common Shares (CUSIP number 04016R 126) will trade in Canadian currency and are listed as AR.WT. An aggregate of 25,750,000 were accepted for listing by TSX, all of which, commenced trading on TSX as of January 22, 2010.

The warrants were issued in connection with a private placement of subscription receipts that closed on Nov. 20, 2009. Each subscription receipt was exchanged for one common share and one-half of one common share purchase warrant pursuant to the completion of a qualifying transaction, which occurred on Dec. 29, 2009, and the subsequent listing on the Toronto Stock Exchange of the common shares of the company on Dec. 31, 2009.

Cautionary Note Regarding Forward-looking Statements

This news release contains forward-looking statements (including, without limitation, information regarding the Qualifying Transaction and the business opportunities of the resulting issuer after giving effect to the Qualifying Transaction) that involve risks and uncertainties that could cause results to differ materially from management's current expectations. Actual results may differ materially due to a number of factors including, among others: any significant disruptions affecting operations at the Castle Gold Projects, whether due to labour disruptions, supply disruptions, damage to equipment or otherwise; the exchange rate between the Canadian dollar, the Mexican peso and the U.S. dollar may not remain consistent with current levels; certain price assumptions for gold; the prices for energy and other key supplies may not remain consistent with current levels; production forecasts may fail to meet expectations; the current mineral reserve and resource estimates of the Castle Gold Projects could be inaccurate. The matters discussed in this news release also involve risks and uncertainties described in Argonaut Gold Ltd.'s (formerly Intuitivo Capital Corporation) continuous disclosure documents filed from time to time with the Canadian securities regulatory authorities. Except as required by law, Argonaut Gold Ltd. assumes no obligation to update the forward-looking information contained in this new release.

Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction, including the information contained in this news release, may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About the Company:
Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities on gold-bearing properties in Mexico and Guatemala with its primary assets being the production-stage El Castillo Project and the exploration-stage La Fortuna Project, both located in the State of Durango, Mexico. Argonaut Gold Inc. is a new venture created by former executive management principals of Meridian Gold Corporation. Argonaut Gold aims to create the next quality mid-tier gold producer in the Americas.

For more information contact:
Argonaut Gold Inc.
Nichole Cowles
Investor Relations Manager
Tel: (775) 284-4422 x 101
Fax: (775) 284-4426
Email: nichole.cowles@argonautgoldinc.com
www.argonautgoldinc.com
 
 

You can view the Next News Releases item: Thu Jan 28, 2010, Argonaut Gold Inc - Appoints New Chief Financial Officer, Barry Dahl

You can view the Previous News Releases item: Thu Jan 21, 2010, Argonaut Gold Inc. Annouces Commencement Of Compulsory Acquisition Process

You can return to the main News Releases page, or press the Back button on your browser.